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[Deleted]
7 years ago in #politics by vieira (63)
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@viera, a very apt description of the market. I think part of the confusion and misunderstanding regarding the market is based on the politicians and the elite. They disseminate misinformation and obfuscate the connection between socioeconomic conditions as the natural result of their inability to capitalize. As you've mentioned, the state can tip the scales and create the crony capitalism that exists in the U.S. Bribes and other monetary incentives are legalized and allow those at the top to solidify their position.
However, it is important to point out the moments where regulation is important. First and foremost is the case of healthcare. It adds a moral and human component that makes it more than just an offering of a service.
Add these two elements that are pervasive all around the world, especially in the U.S, and it allows for faith in the free market and capitalism to wane.
Humanity has the capacity to innovate around and overcome our greatest obstacles. Capitalism and the free market were systems that, when applied at the dawn of the industrial revolution, allow for the meteoric rise of society and brought forth so much wealth, technologies, and resources, that we are able to produce much of what we need in excess.
Now we have the opportunity to create a new system to serve society and allow us to move even more. I believe that cryptocurrencies and the block chain technologies are the first step to achieving this end.
What do you think?
I agree with you. Perhaps, I am a little more radical, because I see no room for the State in the economic environment, not even in health services, much less in education. But in general lines we agree.
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